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Oscar Hornstein @ UK Tech News · 05/07/2025 06:07 EDT

UK businesses lost £64bn to cyber-attacks in past three years

British companies have lost as much as £64bn to cyber-attacks in the past three years, fresh analysis has revealed.  In recent weeks prominent attacks against the IT systems of major retailers M&S, Co-op and Harrods have highlighted how dangerous hackers can be, but they are by no means isolated incidents.  In the last three years, ... Read more

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UK Tech News
Ana Klafke @ UK Tech News · 05/07/2025 06:00 EDT

One in five internet users used OpenAI last month – a new record

The explosion of generative AI has been one of the big tech stories of the last decade. But the growth of AI is not happening equally. There are some groups more likely to use it than others, with potential unintended consequences. Ipsos iris is the only industry backed online audience measurement platform in the UK, which ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/07/2025 05:22 EDT

OakNorth ramps up automation in partnership with OpenAI

Digital bank OakNorth is expanding its use of artificial intelligence in collaboration with ChatGPT developer OpenAI.  The London-headquartered fintech will embed generative AI provided by the Californian group into its technology in support of the existing machine learning tools developed by OakNorth’s sister entity ONCI.    “At OakNorth, we have used machine learning from day one ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/07/2025 04:28 EDT

AI startup founded by 18-year-old Nia closes LocalGlobe-led round

Nia, an AI startup founded by 18-year-old entrepreneur Arlan Rakhmetzhanov, has closed an $850,000 (£637,000) pre-seed round. Rakhmetzhanov taught himself coding at school in his home country of Kazakhstan, releasing small-scale software products, all the while becoming frustrated at the limits of AI tools used in programming. Popular LLM bots like ChatGPT are often used ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/07/2025 04:00 EDT

Wagestream secures £300m debt facility to continue expansion to lending 

London-based fintech group Wagestream has secured a £300m debt facility, bolstering its coffers as it pushes ahead with an expansion into loans.  Founded in 2018, Wagestream is primarily known for its service allowing staff at participating businesses to access earned wages ahead of payday.  The fintech has been building out its product offering, which now ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/07/2025 02:00 EDT

Palatine acquires majority stake in Atombit Group

The UK mid-market private equity investor Palatine has acquired a majority stake in Atombit Group, a fast-growth pan-European leader in experience intelligence. Alongside the investment, London-based Atombit has made three strategic acquisitions to accelerate its growth. These include UK-based J2 Reliance and Profusion and Bulgaria-based company DWise. The enlarged group now comprises 150 consultants and ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/06/2025 11:22 EDT

Alpha rejects takeover offer from US payments giant

London-based fintech and FTSE 250 consultancy firm Alpha has rejected a takeover offer from US payments giant Corpay that would have seen it delist from the UK public markets.  Following media speculation, Atlanta-based Corpay confirmed last week that it had approached Alpha with a possible cash offer for its entire issued share capital.   The ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/06/2025 09:00 EDT

What can we expect from the crypto bill? 

Chancellor Rachel Reeves last week unveiled draft legislation for a landmark bill that will define the regulatory landscape for cryptoassets in the UK.  The upcoming crypto bill has been long requested by the industry as businesses seek clarity for approved practices and regulators seek better ways to protect consumers from high-risk investments and scams.  The ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/06/2025 06:22 EDT

Education department launches £8.2m scheme to encourage girls to enter AI careers

The UK government will encourage more diversity in AI with an £8.2m investment to support girls entering the sector. Delivered by the Department for Education as part of Labour’s ‘Plan for Change’ strategy, the funding aims to encourage 7,500 girls across hundreds of disadvantaged secondary schools to pursue advanced maths and science to be ready ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/06/2025 06:03 EDT

Google Ventures leads £15m Series A for London SaaS startup StackOne

StackOne, a SaaS platform that integrates AI agents into enterprise systems, has secured $20m (£15m) in a Series A round led by Google Ventures. Founded to meet the demand from businesses to smoothly incorporate AI agents across various departments, StackOne’s system automatically builds use-cases and connects AI and SaaS tools to user tech stacks. The ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/06/2025 04:36 EDT

Terms agreed on DoorDash’s billion-pound Deliveroo takeover

Terms for the expected takeover of London-listed Deliveroo by US group DoorDash have been agreed, with the online food delivery company being valued at £2.4bn.  The boards of the two companies confirmed that the financial details of the proposed acquisition have been agreed and are now final.  Founded in 2012, Deliveroo has become one of ... Read more

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UK Tech News
UKTN @ UK Tech News · 05/06/2025 00:00 EDT

Employee mental health is not an afterthought – Steve Peralta, Unmind

This week’s podcast guest is Steve Peralta, co-founder of Unmind, who discusses the problem with the majority of corporate mental health programmes, why the world of work so often leads to deteriorating mental health, and how psychology-backed tech platforms can help.  Unmind is workplace wellbeing platform that partners with brands to offer employee mental health ... Read more

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UK Tech News
Suzanne Morsfield @ UK Tech News 3 place · 05/05/2025 06:00 EDT

Are cryptoassets actually ‘money’ in the UK?

Some of the most common types of cryptoassets are often referred to as “cryptocurrencies” because, in a nutshell, they can be used to buy things. However, in many settings, they do not meet the definition of money, especially for tax or financial reporting purposes. In fact, in the UK, at present, they are never considered ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 05/05/2025 03:00 EDT

Labour needs to ‘get serious’ about growing UK fintech, report warns 

Labour needs to “get serious” about maintaining UK fintech growth if it wants to succeed, according to a new report.  Fintech has been one of the great success stories of UK tech, having produced more unicorns than any other sector, including Britain’s most valuable private company, Revolut.  However, the Labour government has yet to effectively ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 05/02/2025 10:28 EDT

Adios Amigo: Former sub-prime lender winds down legacy business

The wind down of the pay-day loan legacy business of Amigo Holdings is “almost complete”, marking the end of a chapter in fintech few are proud of.  Announced in a trading update, Amigo Holdings – formerly known as Amigo Loans – said after paying out £194m in cash redress and refunds to creditors, the process ... Read more

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UK Tech News
UKTN @ UK Tech News 2 place · 05/02/2025 07:00 EDT

UK tech funding roundup: This week’s deals from Navro to AVIEL

This week’s UK tech funding deals include international payments firm Navro, AI-powered defence startup Arondite and more. UKTN tracked £53.3m worth of UK tech investment this week (28 April to 2 May), an 83% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Navro – £30.7m Sector: Fintech HQ: London ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News 3 place · 05/02/2025 06:00 EDT

Veracode founder: The importance of the reason why

Chris Wysopal, is co-founder and chief security evangelist of Veracode, a platform designed to build and maintain secure software from code creation to cloud deployment. Veracode was co-founded by Chris in 2006 alongside Christien Rioux, both members of the renowned L0pht hacker collective. The group achieved particular eminence when they famously testified in front of the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/02/2025 05:44 EDT

UK Digital Twin Centre opens in boost to Belfast tech

The UK Digital Twin Centre has opened in Belfast in a major boost to the tech ecosystem of the Northern Irish capital.  The centre, delivered by Digital Catapult and financed by the Belfast Region City Deal and Innovate UK, will support the adoption of digital twin technologies with testing facilities, upskilling and use case development.  ... Read more

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UK Tech News
UKTN @ UK Tech News · 05/02/2025 05:00 EDT

Tech Climbers unveils its Liverpool City Region 2025 list

Tech Climbers, has revealed its latest shortlist of the best performing product led tech businesses that are making an impact. View the Liverpool 2025 Tech Climbers list here. BBC presenter and award-winning entrepreneur, Sonya Barlow, announced the 2025 list of Liverpool City Region’s Tech Climbers on Wednesday 30 April to a sold-out room of the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/02/2025 04:43 EDT

Harrods becomes latest victim in retail cyber attacks

Department store Harrods has become the latest UK retailer to fall victim to a targeted cyber attack. The luxury London store was forced to close a selection of its IT systems after an attempted cyber breach from hackers.   “We recently experienced attempts to gain unauthorised access to some of our systems,” Harrods said in ... Read more

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